Singapore: Market for Plastic Doors, Windows And Their Frames 2024

Market Size for Plastic Doors, Windows And Their Frames in Singapore

The Singaporean plastic doors and windows market was estimated at $X in 2022, surging by 5.3% against the previous year. Over the period under review, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +61.7% against 2014 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Production of Plastic Doors, Windows And Their Frames in Singapore

In value terms, plastic doors and windows production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 19% against the previous year. Plastic doors and windows production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Plastic Doors, Windows And Their Frames

Exports from Singapore

In 2022, exports of plastic doors, windows and their frames from Singapore reduced dramatically to X units, declining by -42.6% against the year before. In general, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2013 with an increase of 131% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, plastic doors and windows exports reduced notably to $X in 2022. Over the period under review, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2013 with an increase of 148%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X units) was the main destination for plastic doors and windows exports from Singapore, with a 49% share of total exports. Moreover, plastic doors and windows exports to Indonesia exceeded the volume sent to the second major destination, Australia (X units), twofold. The third position in this ranking was held by Malaysia (X units), with a 6.3% share.

From 2012 to 2022, the average annual growth rate of volume to Indonesia stood at -5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+17.8% per year) and Malaysia (-20.3% per year).

In value terms, Indonesia ($X) remains the key foreign market for plastic doors, windows and their frames exports from Singapore, comprising 47% of total exports. The second position in the ranking was held by Australia ($X), with a 19% share of total exports. It was followed by Malaysia, with a 6% share.

From 2012 to 2022, the average annual growth rate of value to Indonesia totaled -4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+19.2% per year) and Malaysia (-19.3% per year).

Export Prices by Country

The average plastic doors and windows export price stood at $X per unit in 2022, picking up by 5.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2017 when the average export price increased by 9.8% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+25.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Doors, Windows And Their Frames

Imports into Singapore

Plastic doors and windows imports into Singapore soared to X units in 2022, jumping by 33% against the year before. In general, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 89%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, plastic doors and windows imports skyrocketed to $X in 2022. Overall, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2016 when imports increased by 88% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

China (X units), Malaysia (X units) and the Netherlands (X units) were the main suppliers of plastic doors and windows imports to Singapore, with a combined 95% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +105.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic doors and windows suppliers to Singapore were China ($X), Malaysia ($X) and the Netherlands ($X), with a combined 95% share of total imports.

The Netherlands, with a CAGR of +103.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average plastic doors and windows import price amounted to $X per unit, growing by 13% against the previous year. In general, the import price saw a relatively flat trend pattern. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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